Bearish Reversal

Key Levels:
Resistance: 114.007
Pivot: 113.787

Preferred Case:
Prices are on bearish momentum. We see potential for a dip from our Pivot at 113.787 in line with 38.2% Fibonacci retracement and 127.2% Fibonacci extension towards our 1st support at 113.048 in line with 61.8% Fibonacci extension and 61.8% Fibonacci retracement.

Alternative Scenario:
Alternatively, prices may climb towards our 1st resistance at 114.007 in line with 50% Fibonacci retracement.